Term Benchmark Loans. The Loans constituting each Term Benchmark Borrowing shall bear interest at a rate per annum equal to the Relevant Rate applicable to such Borrowing for the related Interest Period plus the Applicable Margin.

TermSubject to the provisions of ‎[Section 2.06(c)], the Loans comprising each Benchmark Loans. The Loans constituting each Term BenchmarkRate Borrowing shall bear interest at a rate per annum equal to the RelevantBenchmark Rate applicable to such Borrowing for the related Interest Period in effect for such Borrowing plus the Applicable Margin.Margin in effect from time to time.

Each Term Benchmark Loans. The Loans constituting each Term Benchmark BorrowingLoan shall bear interest on the outstanding principal amount thereof, for each day in the Interest Period applicable thereto, at a rate per annum equal to the Relevantsum of the Term Benchmark Margin for such day plus the Term Benchmark Rate applicable to such BorrowingInterest Period. Such interest shall be payable for the relatedeach Interest Period pluson the Applicable Margin.last day thereof and, if such Interest Period is longer than three months, at intervals of three months after the first day thereof.

“Term Benchmark Loans. The Loans constituting each Term Benchmark Borrowing shall bearLoan” means a Loan that bears interest at a rate per annum equal tobased on the Relevant Rate applicable to such Borrowing for the related Interest PeriodTerm Benchmark plus the Applicable Margin.